Florida Senate - 2013                        COMMITTEE AMENDMENT
       Bill No. CS for SB 306
       
       
       
       
       
       
                                Barcode 123940                          
       
                              LEGISLATIVE ACTION                        
                    Senate             .             House              
                  Comm: RCS            .                                
                  04/02/2013           .                                
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       The Committee on Rules (Gardiner, Thrasher, and Lee) recommended
       the following:
       
    1         Senate Amendment (with title amendment)
    2  
    3         Delete lines 190 - 319
    4  and insert:
    5         Section 2. Paragraph (d) of subsection (6) of section
    6  212.20, Florida Statutes, is amended to read:
    7         212.20 Funds collected, disposition; additional powers of
    8  department; operational expense; refund of taxes adjudicated
    9  unconstitutionally collected.—
   10         (6) Distribution of all proceeds under this chapter and s.
   11  202.18(1)(b) and (2)(b) shall be as follows:
   12         (d) The proceeds of all other taxes and fees imposed
   13  pursuant to this chapter or remitted pursuant to s. 202.18(1)(b)
   14  and (2)(b) must shall be distributed as follows:
   15         1. In any fiscal year, the greater of $500 million, minus
   16  an amount equal to 4.6 percent of the proceeds of the taxes
   17  collected pursuant to chapter 201, or 5.2 percent of all other
   18  taxes and fees imposed pursuant to this chapter or remitted
   19  pursuant to s. 202.18(1)(b) and (2)(b) must shall be deposited
   20  in monthly installments into the General Revenue Fund.
   21         2. After the distribution under subparagraph 1., 8.814
   22  percent of the amount remitted by a sales tax dealer located
   23  within a participating county pursuant to s. 218.61 must shall
   24  be transferred into the Local Government Half-cent Sales Tax
   25  Clearing Trust Fund. Beginning July 1, 2003, the amount to be
   26  transferred must shall be reduced by 0.1 percent, and the
   27  department shall distribute this amount to the Public Employees
   28  Relations Commission Trust Fund less $5,000 each month, which
   29  must shall be added to the amount calculated in subparagraph 3.
   30  and distributed accordingly.
   31         3. After the distribution under subparagraphs 1. and 2.,
   32  0.095 percent must shall be transferred to the Local Government
   33  Half-cent Sales Tax Clearing Trust Fund and distributed pursuant
   34  to s. 218.65.
   35         4. After the distributions under subparagraphs 1., 2., and
   36  3., 2.0440 percent of the available proceeds must shall be
   37  transferred monthly to the Revenue Sharing Trust Fund for
   38  Counties pursuant to s. 218.215.
   39         5. After the distributions under subparagraphs 1., 2., and
   40  3., 1.3409 percent of the available proceeds must shall be
   41  transferred monthly to the Revenue Sharing Trust Fund for
   42  Municipalities pursuant to s. 218.215. If the total revenue to
   43  be distributed pursuant to this subparagraph is at least as
   44  great as the amount due from the Revenue Sharing Trust Fund for
   45  Municipalities and the former Municipal Financial Assistance
   46  Trust Fund in state fiscal year 1999-2000, a no municipality may
   47  not shall receive less than the amount due from the Revenue
   48  Sharing Trust Fund for Municipalities and the former Municipal
   49  Financial Assistance Trust Fund in state fiscal year 1999-2000.
   50  If the total proceeds to be distributed are less than the amount
   51  received in combination from the Revenue Sharing Trust Fund for
   52  Municipalities and the former Municipal Financial Assistance
   53  Trust Fund in state fiscal year 1999-2000, each municipality
   54  shall receive an amount proportionate to the amount it was due
   55  in state fiscal year 1999-2000.
   56         6. Of the remaining proceeds:
   57         a. In each fiscal year, the sum of $29,915,500 must shall
   58  be divided into as many equal parts as there are counties in the
   59  state, and one part must shall be distributed to each county.
   60  The distribution among the several counties must begin each
   61  fiscal year on or before January 5th and continue monthly for a
   62  total of 4 months. If a local or special law required that any
   63  moneys accruing to a county in fiscal year 1999-2000 under the
   64  then-existing provisions of s. 550.135 be paid directly to the
   65  district school board, special district, or a municipal
   66  government, such payment must continue until the local or
   67  special law is amended or repealed. The state covenants with
   68  holders of bonds or other instruments of indebtedness issued by
   69  local governments, special districts, or district school boards
   70  before July 1, 2000, that it is not the intent of this
   71  subparagraph to adversely affect the rights of those holders or
   72  relieve local governments, special districts, or district school
   73  boards of the duty to meet their obligations as a result of
   74  previous pledges or assignments or trusts entered into which
   75  obligated funds received from the distribution to county
   76  governments under then-existing s. 550.135. This distribution
   77  specifically is in lieu of funds distributed under s. 550.135
   78  before July 1, 2000.
   79         b. The department shall, pursuant to s. 288.1162,
   80  distribute $166,667 monthly pursuant to s. 288.1162 to each
   81  applicant certified as a facility for a new or retained
   82  professional sports franchise pursuant to s. 288.1162. Up to
   83  $41,667 must shall be distributed monthly by the department to
   84  each certified applicant as defined in s. 288.11621 for a
   85  facility for a spring training franchise. However, not more than
   86  $416,670 may be distributed monthly in the aggregate to all
   87  certified applicants for facilities for spring training
   88  franchises. Distributions begin 60 days after such certification
   89  and continue for not more than 30 years, except as otherwise
   90  provided in s. 288.11621. A certified applicant identified in
   91  this sub-subparagraph may not receive more in distributions than
   92  expended by the applicant for the public purposes provided for
   93  in s. 288.1162 288.1162(5) or s. 288.11621(3).
   94         c. Beginning 30 days after notice by the Department of
   95  Economic Opportunity to the Department of Revenue that an
   96  applicant has been certified as the professional golf hall of
   97  fame pursuant to s. 288.1168 and is open to the public, $166,667
   98  must shall be distributed monthly, for up to 300 months, to the
   99  applicant.
  100         d. Beginning 30 days after notice by the Department of
  101  Economic Opportunity to the Department of Revenue that the
  102  applicant has been certified as the International Game Fish
  103  Association World Center facility pursuant to s. 288.1169, and
  104  the facility is open to the public, $83,333 must shall be
  105  distributed monthly, for up to 168 months, to the applicant.
  106  This distribution is subject to reduction pursuant to s.
  107  288.1169. A lump sum payment of $999,996 must shall be made,
  108  after certification and before July 1, 2000.
  109         e. Beginning 45 days after notice by the Department of
  110  Economic Opportunity that an applicant has been approved by the
  111  Legislature and certified by the department under s. 288.11625,
  112  the department shall distribute each month an amount equal to
  113  one-twelfth the annual distribution amount certified by the
  114  Department of Economic Opportunity for the applicant. This
  115  distribution is subject to adjustment pursuant to s. 288.11625.
  116  The department may not distribute more than $15 million annually
  117  to all applicants approved by the Legislature and certified by
  118  the Department of Economic Opportunity pursuant to s. 288.11625.
  119         7. All other proceeds must remain in the General Revenue
  120  Fund.
  121         Delete lines 346 - 506
  122  and insert:
  123         Section 7. Section 288.11625, Florida Statutes, is created
  124  to read:
  125         288.11625 Sports Development.—
  126         (1) ADMINISTRATION.—The department shall serve as the state
  127  agency responsible for screening applicants for state funding
  128  under s. 212.20(6)(d)6.e.
  129         (2) DEFINITIONS.— As used in this section, the term:
  130         (a) “Applicant” means a unit of local government as defined
  131  in s. 218.369 that is responsible for the construction,
  132  management, or operation of a facility; or a not-for-profit
  133  entity or for-profit entity if a unit of local government holds
  134  title to the underlying property on which the facility is
  135  located.
  136         (b) “Agreement” means a signed agreement between a unit of
  137  local government and a beneficiary.
  138         (c) “Beneficiary” means a major professional sports
  139  franchise, sports franchise or association, or an off-season
  140  sports training franchise that occupies or utilizes a facility
  141  as the facility’s primary tenant. A beneficiary may also be an
  142  applicant under this section.
  143         (d) “Facility” means a facility primarily used to host
  144  games or events held by a beneficiary and does not include
  145  ancillary activities including transient lodging facilities, or
  146  retail operations unless physically connected to the facility.
  147  For an off-season sports training franchise, the facility also
  148  includes training facilities that are associated with the
  149  primary facility, but does not include ancillary activities such
  150  as transient lodging facilities, or retail operations unless
  151  physically connected to the facility.
  152         (e) “Major professional sports franchise” means a franchise
  153  that is a member of and competes in the National Football
  154  League, the National Hockey League, the National Basketball
  155  Association, the National League or American League of Major
  156  League Baseball, or Major League Soccer.
  157         (f) “Sports franchise or association” means either a
  158  professional sports franchise that is not a major professional
  159  sports franchise as defined in paragraph (e), or a nationally
  160  recognized professional sports association.
  161         (g) “Off-season sports training franchise” means a major
  162  professional sports franchise team that uses or occupies a local
  163  government-owned facility during the months from February
  164  through April.
  165         (h) “Project” means a proposed construction,
  166  reconstruction, renovation, or improvement of a facility.
  167         (i) “Signature event” means a professional sports event
  168  with significant export factor potential. For purposes of this
  169  paragraph, “export factor” means the attraction of economic
  170  activity or growth into the state that otherwise would not have
  171  occurred. Examples of signature events may include, but are not
  172  limited to:
  173         1. National Football League Super Bowls.
  174         2. College football bowl games and playoff games.
  175         3. College basketball and baseball tournaments and
  176  championships.
  177         4. Major professional sports franchise All-Star games.
  178         5. International sporting events and tournaments.
  179         6. Professional automobile race championships or Formula 1
  180  Grand Prix.
  181         (3) PURPOSE.—The purpose of this section is to provide
  182  applicants state funding under s. 212.20(6)(d)6.e. for the
  183  public purpose of constructing, reconstructing, renovating, or
  184  improving a facility.
  185         (4) APPLICATION AND APPROVAL PROCESS.—
  186         (a) The department shall establish the procedures and
  187  application forms deemed necessary pursuant to the requirements
  188  of this section. The department may notify an applicant of any
  189  additional required or incomplete information necessary to
  190  evaluate an application.
  191         (b) The annual application period shall be from June 1
  192  through November 1.
  193         (c) Within 60 days from receipt of a completed application,
  194  the department shall complete its evaluation of the application
  195  as provided under subsection (5) and notify the applicant in
  196  writing as to the department’s decision to recommend approval of
  197  the applicant by the Legislature or to deny the application.
  198         (d) Annually by February 1, the department shall rank all
  199  applicants and shall provide to the Legislature the list of all
  200  recommended applicants in ranked order of projects most likely
  201  to positively impact the state based on required criteria
  202  established in this section. The list shall include the
  203  department’s evaluation of the applicant.
  204         (e) A recommended applicant’s request for funding must be
  205  approved by the legislature by general law.
  206         1. An application by a unit of local government that is
  207  approved by the Legislature and subsequently certified by the
  208  department remains certified for the duration of the
  209  beneficiary’s agreement with the applicant or for 30 years,
  210  whichever is less, provided the certified applicant has an
  211  agreement with a beneficiary for at least 15 more years at the
  212  time of initial certification by the department.
  213         2. An application by a beneficiary that is approved by the
  214  Legislature and subsequently certified by the department remains
  215  certified for the duration of the beneficiary’s agreement with
  216  the unit of local government that owns the underlying property
  217  or for 30 years, whichever is less, provided the certified
  218  applicant has an agreement with the unit of local government for
  219  at least 15 more years at the time of initial certification by
  220  the department.
  221         3. An applicant approved by the Legislature and certified
  222  by the department must enter into a contract with the department
  223  that:
  224         a. Specifies the terms of the state’s investment.
  225         b. States the criteria that the certified applicant must
  226  meet in order to remain certified.
  227         c. States that the certified applicant is subject to
  228  decertification, as recommended by the department and approved
  229  by the Legislature, or reduction of funding if the certified
  230  applicant fails to comply with this section or the contract.
  231         d. Specifies information that the certified applicant must
  232  report to the department.
  233         e. Includes any provisions deemed prudent by the
  234  department.
  235         4. Previously certified applicants do not require
  236  legislative approval each year to receive state funding.
  237         (f) Applications recommended by the department and not
  238  approved by the Legislature may reapply and update any
  239  information in the original application as required by the
  240  department.
  241         (g) The department may recommend no more than one
  242  distribution under this section for any applicant, facility, or
  243  beneficiary at any single point in time.
  244         (5) EVALUATION PROCESS.—
  245         (a) Before recommending an applicant to receive a state
  246  distribution under s. 212.20(6)(d)6.e., the department must
  247  verify that:
  248         1. The applicant or beneficiary is responsible for the
  249  construction, reconstruction, renovation, or improvement of a
  250  facility.
  251         2. If the applicant is also the beneficiary, a unit of
  252  local government holds title to the property on which the
  253  facility and project is located.
  254         3. The project for which the applicant is seeking state
  255  funding has not commenced construction.
  256         4. If the applicant is a unit of local government in which
  257  the facility will be located, the unit of local government has
  258  an exclusive intent agreement to negotiate in Florida with a
  259  beneficiary.
  260         5.a. The unit of local government in which the facility
  261  will be located supports the application for state funds. Such
  262  support must be verified by the adoption of a resolution after a
  263  public hearing that the project serves a public purpose.
  264         b. If the unit of local government is required to hold a
  265  referendum for approval under s. 125.0104(3)(n)2., such
  266  referendum must be affirmatively passed by a majority-plus-one
  267  vote for the applicant to receive state funding under this
  268  section.
  269         6. The applicant or beneficiary has not previously
  270  defaulted or failed to meet any statutory requirements of a
  271  previous state-administered sports-related program under ss.
  272  288.1162, 288.11621, or 288.1168.
  273         7. The applicant or beneficiary has sufficiently
  274  demonstrated a commitment to hire Florida residents, contract
  275  with Florida-based firms, and purchase locally-available
  276  building materials to the greatest extent possible.
  277         8. If the applicant is a unit of local government, the
  278  applicant has a certified copy of a signed agreement with a
  279  beneficiary for the use of the facility. If the applicant is a
  280  beneficiary, the beneficiary must enter into an agreement with
  281  the department. The applicant or beneficiary’s agreement must
  282  also require the following:
  283         a. The beneficiary must reimburse the state for state funds
  284  distributed if the beneficiary relocates before the agreement
  285  expires.
  286         b. The beneficiary must pay for signage or advertising
  287  within the facility. The signage or advertising must be placed
  288  in a prominent location as close to the field of play or
  289  competition as is practical, displayed consistent with signage
  290  or advertising in the same location and like value, and must
  291  feature Florida advertising approved by the Florida Tourism
  292  Industry Marketing Corporation.
  293         c. The owner of a beneficiary must agree to reimburse the
  294  state for state funds if the owner sells the beneficiary before
  295  the agreement expires. Funds paid to the state must be in lump
  296  sum and paid within 90 days after final sale of the beneficiary.
  297         9. The project will be commenced within 12 months of
  298  receiving state funds.
  299         (b) The department shall competitively evaluate and rank
  300  applicants that submit applications for state funding received
  301  during the application period using the following criteria to
  302  evaluate the applicant’s ability to positively impact the state:
  303         1. The proposed use of state funds.
  304         2. The length of time that a beneficiary has agreed to use
  305  the facility.
  306         3. The percentage of total project funds provided by the
  307  applicant and the percentage of total project funds provided by
  308  the beneficiary.
  309         4. The number and type of signature events the facility is
  310  likely to attract over the duration of the agreement with the
  311  beneficiary.
  312         5. The anticipated increase in average annual ticket sales
  313  and attendance at the facility due to the project.
  314         6. The potential to attract out-of-state visitors to the
  315  facility.
  316         7. The length of time a beneficiary has been in the state
  317  or partnered with the unit of local government.
  318         8. The multi-use capabilities of the facility.
  319         9. The facility’s projected use of Florida workers, firms,
  320  and building materials.
  321         10. The amount of private and local financial or in-kind
  322  contributions to the project.
  323         11. The amount of positive advertising or media coverage
  324  the facility generates.
  325         (c) The department shall determine if a beneficiary is a
  326  major professional sports franchise, a sports franchise or
  327  association, or an off-season sports training franchise.
  328         1. If the beneficiary is a major professional sports
  329  franchise, the applicant is eligible to receive annual
  330  distributions equaling up to 80 percent of the new incremental
  331  state sales tax generated to the state over 12 months, up to $3
  332  million over 12 months.
  333         2. If the beneficiary is a professional sports franchise or
  334  association, the applicant is eligible to receive annual
  335  distributions equaling up to 100 percent of the new incremental
  336  state sales tax generated to the state over 12 months, up to $2
  337  million over 12 months.
  338         3. If the beneficiary is an off-season sports training
  339  franchise, the applicant is eligible to receive annual
  340  distributions equaling up to 100 percent of the new incremental
  341  state sales taxes generated to the state over 12 months, up to
  342  $666,660 over 12 months.
  343         (6) DISTRIBUTION.—
  344         (a) At the time of initial evaluation and review by the
  345  department under subsection (5), the applicant must provide an
  346  analysis by an independent certified public accountant which
  347  demonstrates the amount of the revenues generated by the taxes
  348  imposed under chapter 212 with respect to the use and operation
  349  of the facility over the 12 month period immediately prior to
  350  the beginning of the application period. This amount shall be
  351  the baseline. The independent analysis must be verified by the
  352  department.
  353         (b) Except in the case of the period of time prior to
  354  completion of a project or the first four annual distributions,
  355  whichever is sooner, a certified applicant’s annual distribution
  356  shall be based upon the new incremental sales taxes generated by
  357  sales at the facility during the immediately previous 12 month
  358  period, not to exceed the limitations established in subsection
  359  (5)(c).
  360         (c) For the initial annual distribution under s.
  361  212.20(6)(d)6.e., the department shall estimate the amount of
  362  new incremental state sales taxes above the baseline that will
  363  be generated by the sales at the facility as a result of the
  364  project. This amount shall be used to calculate the initial
  365  annual distribution to the applicant. The initial annual
  366  distribution may not exceed the lesser of the estimated new
  367  incremental state sales taxes above the baseline or the limits
  368  established in subsection (5)(c). The initial annual
  369  distribution amount shall continue through the next full 12
  370  month period following completion of the project or the
  371  certified applicant’s first four years of annual distributions,
  372  whichever is earlier.
  373         (d)1. Beginning in the first full 12 month period after
  374  completion of a project or first four annual distributions,
  375  whichever is earlier, the applicant shall certify to the
  376  department the actual amount of state sales taxes generated by
  377  sales at the facility over that 12 month period. The applicant
  378  shall submit the certification within 60 days of the end of the
  379  previous 12 month period and such certification must be done by
  380  an analysis by an independent certified public accountant. The
  381  department shall verify the analysis and compare the actual new
  382  incremental state sales taxes generated by sales at the facility
  383  to the previous period’s new incremental state sales taxes upon
  384  which the annual distribution amount was based.
  385         2. If the actual new incremental increase in state sales
  386  taxes generated by sales at the facility during the most recent
  387  12 month period was different than the actual 12 month new
  388  incremental increase in state sales taxes generated by sales at
  389  the facility upon which the previous period’s annual
  390  distribution was based then the department shall certify to the
  391  Department of Revenue an adjustment to the annual distribution
  392  for the current 12 month period downward or upward as
  393  appropriate to reflect the actual new incremental increase in
  394  state sales taxes generated by sales at the facility during the
  395  previous 12 month period, not to exceed the maximum amount
  396  allowable per applicant pursuant to subsection (5)(c).
  397         (e) Upon certification by the department, the Department of
  398  Revenue shall adjust the annual distribution under s.
  399  212.20(6)(d)6.e. for the applicant. The first adjusted monthly
  400  distribution in a 12 month period, and subsequent monthly
  401  distributions in the same period if necessary, shall also be
  402  adjusted for downward or upward adjustment that should have
  403  begun after the most recent 12 month period.
  404         (f) The Department of Revenue shall begin distributions
  405  within 45 days after notification of initial certification from
  406  the department.
  407         (g) The department must consult with the Department of
  408  Revenue and the Office of Economic and Demographic Research to
  409  develop a standard calculation for estimating new incremental
  410  state sales taxes generated by sales at the facility and
  411  adjustments to distributions.
  412         (h) In any 12 month period when total distributions for all
  413  certified applicants equal $15 million, the department may not
  414  certify new distributions for any additional applicants or
  415  certify to the Department of Revenue any upward adjustments in
  416  existing distributions.
  417         (7) USE OF FUNDS.—An applicant certified under this section
  418  may use state funds only for the public purpose of constructing,
  419  reconstructing, renovating, or improving a facility, or
  420  reimbursing such costs.
  421         (8) REPORTS.—
  422         (a) On or before November 1 of each year, an applicant
  423  certified under this section and approved to receive state funds
  424  must submit to the department any information required by the
  425  department. The department shall summarize this information for
  426  inclusion in the report to the Legislature due February 1 under
  427  subsection (4)(d).
  428         (b) Every 5 years following the first month that an
  429  applicant receives a monthly distribution, the department must
  430  verify that the applicant is meeting all program requirements.
  431  If the applicant is not meeting program requirements, the
  432  department must notify the Governor and Legislature of the
  433  requirements not being met and must make recommendations for
  434  future action, including reducing or halting future
  435  distributions, as part of the report to the Legislature due
  436  February 1 under paragraph (4)(d). The department shall consider
  437  certain exceptions that may have prevented the applicant from
  438  meeting certain program requirements. Such exceptions include:
  439         1. Force majeure events.
  440         2. Significant economic downturn.
  441         3. Other extenuating circumstances.
  442         (9) AUDITS.— The Auditor General may conduct audits as
  443  provided in s. 11.45 to verify that the distributions under this
  444  section are expended as required in this section. If the Auditor
  445  General determines that the distribution payments under this
  446  section are not expended as required by this section, the
  447  Auditor General shall notify the Department of Revenue, which
  448  may pursue recovery of distributions under the laws and rules
  449  governing the assessment of taxes.
  450         (10) APPLICATION RELATED TO SIGNATURE EVENT.—An applicant
  451  may apply for the program under this section after May 1, 2013,
  452  if the applicant intends to apply for a signature event prior to
  453  the 2014 Regular Session for which state funds to renovate a
  454  major professional sports franchise facility are requested. The
  455  department must review the application and recommend approval by
  456  the Legislature as required under this section. The Legislative
  457  Budget Commission is authorized to approve applications as
  458  provided under this subsection. State funds may not be
  459  distributed until the department notifies the Department of
  460  Revenue that the applicant was approved by the Legislative
  461  Budget Commission and certified by the department. An applicant
  462  certified under this subsection is subject to all other
  463  provisions and requirements of this section.
  464         (11) DISCONTINUATION OF DISTRIBUTIONS.— The Department of
  465  Revenue shall immediately halt future distributions to any
  466  applicant certified under this section upon notice from the
  467  department that:
  468         (a) An applicant’s beneficiary has broken the terms of its
  469  agreement with the applicant and relocated from the facility or
  470  that the applicant has been decertified.
  471         (b) The department has determined that an applicant has
  472  submitted any information or made a representation that is
  473  determined to be false, misleading, deceptive, or otherwise
  474  untrue.
  475         (c) The applicant has requested to halt future
  476  distributions.
  477         (12) RULEMAKING.—The department may adopt rules to
  478  implement this section. The Department of Revenue may adopt
  479  rules to implement this section.
  480         Section 8. Contingent upon enactment of the Economic
  481  Development Program Evaluation as set forth in SB 406 or similar
  482  legislation, section 288.116255, Florida Statutes, is created to
  483  read:
  484         288.116255Sports Development Program Evaluation.—Beginning
  485  in 2015, the Sports Development program shall be evaluated as
  486  part of the Economic Development Program Evaluation, and every 3
  487  years thereafter.
  488         Section 9. (1) The executive directors of the Department of
  489  Revenue and the Department of Economic Opportunity are
  490  authorized, and all conditions are deemed met, to adopt
  491  emergency rules under ss. 120.536(1) and 120.54(4), Florida
  492  Statutes, for the purpose of implementing this act.
  493         (2) Notwithstanding any provision of law, such emergency
  494  rules shall remain in effect for 6 months after the date adopted
  495  and may be renewed during the pendency of procedures to adopt
  496  permanent rules addressing the subject of the emergency rules.
  497         Section 10. This act shall take effect upon becoming law.
  498  
  499  ================= T I T L E  A M E N D M E N T ================
  500         And the title is amended as follows:
  501         Delete lines 32 - 35
  502  and insert:
  503         212.20, F.S.; authorizing a distribution for a an
  504         applicant that has been approved by the Legislature
  505         and certified by the Department of Economic
  506         Opportunity under s. 288.11625; providing a
  507         limitation; amending s. 220.153, F.S.; conforming
  508         Delete lines 43 - 59
  509  and insert:
  510         act; creating s. 288.11625, F.S.; provides that the
  511         Department of Economic Opportunity shall screen
  512         applicants for state funding for sports development;
  513         defining the terms “applicant,” “agreement,”
  514         “beneficiary,” “facility,” “major professional sports
  515         franchise,” “sports franchise or association,” “off
  516         season sports training franchise,” “project,” and
  517         “signature event”; providing a purpose to provide
  518         funding for applicants for constructing,
  519         reconstructing, renovating, or improving a facility;
  520         providing an application and approval process;
  521         providing for an annual application period from June 1
  522         to November 1; providing for the Department of
  523         Economic Opportunity to submit recommendations to the
  524         Legislature by February 1; requiring Legislative
  525         approval for state funding; providing for a contract
  526         between the department and the applicant; providing
  527         evaluation criteria for an applicant to receive state
  528         funding; providing for reimbursement of the state
  529         funding under certain circumstances; providing for
  530         evaluation and ranking of applicants under certain
  531         criteria; allowing the department to determine the
  532         type of beneficiary; providing levels of state funding
  533         up to a certain amount of new incremental state sales
  534         tax revenue; providing for a distribution and
  535         calculation; providing for adjustment of the
  536         distribution; requiring the Department of Revenue to
  537         distribute funds within 45 days of notification by the
  538         department; limiting annual distributions to $15
  539         million; limiting use of funds; requiring an applicant
  540         to submit information to the department annually;
  541         requiring a 5 year review; authorizing the Auditor
  542         General to conduct audits; providing for an
  543         application related to a signature event; authorizing
  544         the Legislative Budget Commission to approve an
  545         application; providing for discontinuation of
  546         distributions under certain circumstances; permitting
  547         the Department of Economic Opportunity and the
  548         Department of Revenue to adopt rules; contingently
  549         creating s. 288.116255, F.S.; providing for an
  550         evaluation; authorizing the Department of Revenue and
  551         the Department of Economic Opportunity to adopt
  552         emergency
  553         rules; providing an effective date.